MEFD December 2014
Published: Thursday February 5th, 2015
The domestic economy sustained its modest expansion over the review month, supported by improvements in the key tourism sector, while foreign investment projects continued to provide impetus to the construction sector. However, given the limited nature of the recovery, the unemployment rate firmed during the six months to November, while the downward trend in global oil prices constrained inflationary pressures. Buoyed by net foreign currency inflows from the tourism sector, both bank liquidity and external reserves expanded in December.
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